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RBI Kicks Off Global Hackathon To Build Tech Tools To Curb Financial Frauds
The Reserve Bank of India (RBI) has kicked off its third global hackathon to develop tech-based solutions to address financial frauds. Called ‘HaRBInger 2024 – Innovation for Transformation’, the...
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Sachin Bansal Exits Ather, Sells Stake To Hero MotoCorp & Nikhil Kamath
Just a day after Hero MotoCorp picked up an additional 2.2% stake in two-wheeler electric vehicle (EV) maker Ather Energy in a secondary transaction, it has now reportedly emerged that Flipkart...
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Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map
Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly active users,...
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boAt In Talks To Raise Funds, Eyes IPO In The Next 12-18 Months
Audio products and smartwatch maker boAt’s parent Imagine Marketing India is in talks with three investors to raise capital. boAt cofounder and CEO Sameer Mehta told Economic Times that the fundraise...
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Swedish EV Maker Clean Motion’s Indian Arm Bags Funds To Set Up Manufacturing...
The Indian arm of the Swedish electric vehicle (EV) maker Clean Motion has raised $1 Mn as part of a seed funding round from India Accelerator-backed micro venture capital (VC) firm Finvolve. In a...
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Zomato To Infuse INR 300 Cr In Blinkit Amid Mounting Competition In Quick...
Amid rising competition in the quick commerce segment, foodtech juggernaut Zomato plans to invest INR 300 Cr in its quick commerce arm Blinkit. As per Registrar of Companies (RoC) filings accessed by...
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NEET 2024: PhysicsWallah CEO Alakh Pandey Moves SC, Seeks Probe In Award Of...
Edtech startup PhysicsWallah cofounder and CEO Alakh Pandey has reportedly filed a public interest litigation (PIL) before the Supreme Court (SC) seeking a probe into allegations of discrepancies in...
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Karnataka Govt Extends Exemptions To Startups From Labour Norms For 5 Years
After internally debating the matter, the Karnataka government has reportedly extended the exemption of startups from the provisions of labour regulations for a period of five years. As per Economic...
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D2C Consumer Goods Startup Palette Brands Bags Funding From Rockstud Capital,...
D2C consumer goods startup Palette Brands (erstwhile White.Inc) has raised close to $2 Mn (around 16.4 Cr) in a Pre-Series A funding round led by Rockstud Capital. The round also saw participation from...
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Global Startups In India Major Target For Google Cloud, Says Senior Executive
Terming India as a “hotbed” for global startups, a senior Google executive on Wednesday (June 12) reportedly said that the country was one of the key global markets for Google Cloud. As per Economic...
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IFSCA To Notify Revised Norms For Direct Listing Of Companies On GIFT City...
The chairman of International Financial Services Centres Authority (IFSCA), K Rajaraman, has reportedly said that the regulator will notify revised norms for direct listing of companies at Gujarat...
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Aurionpro Payment Solutions Gets Final RBI Nod To Operate As Online Payment...
Mumbai-based technology solutions company Aurionpro Solutions’ arm Aurionpro Payment Solutions has received final authorisation from the Reserve Bank of India (RBI) to operate as an online payment...
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Swiggy Brings Back Gourmet Delivery Service ‘Handpicked’ Via Instamart
A year after shutting its gourmet grocery delivery pilot ‘Handpicked’, foodtech major Swiggy has relaunched the service in Bengaluru. The offering has been relaunched as a new category under its quick...
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Practo Claims Adjusted EBITDA Profitability In Q4 FY24, Revenue Grows 22% In...
Healthtech startup Practo said it turned adjusted EBITDA positive in the fourth quarter (Q4) of the financial year 2023-24 (FY24) and that it is “on track to maintain this positive momentum (positive...
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Times Internet’s Selling Spree Has Helped It Earn Nearly $1 Bn Since 2022
Times Internet, the digital arm of Times Group, has raked in at least $1 Bn from selling its multiple digital properties since 2022. The biggest clincher for Times Internet has been short video...
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Announcing The D2C Retreat – Unlocking India’s Consumption Story
A seismic shift is rocking India’s retail landscape, fueled by a growing aspiration wave that’s challenging age-old norms. From glitzy metro hubs to humble neighbourhood marts, premiumisation fever is...
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TRAI Refutes Reports On Levying Charges For Holding Multiple SIM Cards
On June 6, the Telecom Regulatory Authority of India (TRAI) floated a consultation paper on “Revision of National Numbering “. The paper quickly ran into controversies as media reports said that the...
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Marshall Wace Sells Stake In Paytm In INR 25 Cr Block Deal
Marshall Wace on Friday (June 14) offloaded 5.85 Lakh shares (5,85,938 to be precise) of fintech major Paytm in a block deal for INR 25.08 Cr. As per the NSE data, the UK-based hedge fund sold the...
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Paytm In Talks With Zomato To Sell Movie Ticketing Biz For INR 1,500 Cr
Paytm and foodtech giant Zomato have reportedly held talks to acquire the fintech major’s movie ticketing and events business. The discussions between the two parties are veering towards a valuation of...
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Neeraj Arora Resigns As Paytm’s Independent Director, Rajeev Agarwal Named...
The churn at Paytm continues as Neeraj Arora has now resigned as the non-executive independent director of the fintech major. In a filing with the BSE, the company said that Paytm’s board approved...
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